Most power and gas contracts rose significantly this week, continuing rises seen in recent weeks. Day-ahead gas rose 32.5% to 26.50p/th as a result of increased gas for power demand and an outage to the Forties pipeline. Day-ahead power rose 15.2% to £47.25/MWh on decreasing wind generation throughout the latter stages of the week. September 20 gas was up 26.9% at 26.95p/th, and October 20 gas increased 19.6% to 29.15p/th. All seasonal gas contracts boosted this week, up by 7.7% on average, while both winter 20 and summer 21 gas increased 9.4% and 11.0% respectively, lifting to 38.65p/th and 34.20p/th. All seasonal power contracts followed the gas markets higher, up on average by 6.8%, as winter 20 and summer 21 expanded 8.3% and 8.6% respectively, rising to £51.00/MWh and £44.55/MWh. Brent crude oil prices remained relatively unchanged last week averaging $45.37/bl, with prices now settled following recent spikes. Market oversupply issues have been overshadowed this week amongst growing concern surrounding Hurricane Laura, which has this week been upgraded to a Category 4.
Baseload electricity | ||
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Forward curve comparison | Annual October Contract | |
Peak electricity | ||
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Forward curve comparison | Annual October contract | |
Seasonal power prices | ||
Seasonal baseload power contracts | Seasonal baseload power curve | |
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Commodity price movements | ||
Oil and Coal | Carbon | |
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Wholesale price snapshot
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